3 Flying Cars Stocks to Buy on the Dip: August 2024

Industry Overview - The flying car industry is rapidly evolving due to technology integration and corporate funding, with significant growth expected by 2025, particularly in electric vertical take-off and landing (eVTOL) vehicles [1] - The industry is projected to have an annual growth rate of 34% through 2035, indicating strong investment potential [2] Company Analysis: Joby Aviation (JOBY) - Joby Aviation's stock price has decreased by 24.05% over the past month, making it a candidate for investment [3] - The company is on track to have four production prototype aircraft in flight testing by Q3 2024, which is expected to enhance its market position [4] - Joby has completed over a third of Stage 4 testing, with management anticipating accelerated progress in 2024, suggesting potential strong returns for shareholders [5] Company Analysis: Lilium (LILM) - Lilium's stock has dropped 32.89% over the past year, but it has secured a significant agreement with Saudia Group for up to 100 VTOL jets, with deliveries expected in 2026 [6] - The company is developing an aftermarket service business, POWER-ON, projected to generate $5 billion in recurring revenue by 2035, indicating strong future growth potential [7] - Lilium's current market cap of $469 million suggests significant upside potential for investors [7] Company Analysis: Blade Air Mobility (BLDE) - Blade Air Mobility achieved its first positive Adjusted EBITDA as a public company, with a year-over-year improvement of $5.4 million, reaching $1 million [8] - The company has a unique position in organ transportation, with its Medical segment reporting the highest quarterly revenue since inception at $38.3 million, a 6.4% increase from Q1 2024 [9] - Despite a 69.13% decline in stock price over the past five years, Blade is showing signs of improvement, making it a company to watch [10]